Hoxton AI raises £250k from Oxford Innovation Finance to expand its market presence.
Oxford Innovation Finance has backed the space analytics firm to scale its international customer base.
Hoxton AI provides real-time people counting and occupancy monitoring through self-install video analytics sensors and a cloud-based platform.
Hoxton AI has secured £250k in funding from Oxford Innovation Finance to support its market expansion and grow its international customer base. The company provides video analytics technology that tracks movement and occupancy in real-time, helping businesses in sectors such as retail and hospitality to optimise their physical spaces.
The fresh capital will be directed towards driving market entry and scaling its international footprint. Hoxton AI already serves over 120 clients and holds patented technology.
From the founder
"We are excited to close this round of investment which will allow us to further our mission of transforming how businesses manage and optimise physical spaces. With the support of our investors, we will accelerate our growth and enhance the capabilities of our people counting and occupancy monitoring technology. This funding brings us closer to making real-time spatial analytics more accessible and scalable, enabling our clients to create better, data-driven experiences for their customers."
Duncan Mann
CEO at Hoxton AI
Investor perspective
"Hoxton AI is leading the way in leveraging AI for real-time occupancy and people counting. Their innovative solutions have the potential to revolutionise how businesses optimise space, drive operational efficiency and enhance customer experiences. We believe in the team’s vision and are excited to support their growth as they continue to scale and transform industries reliant on physical spaces."
Richard Cooper
Managing Director, Oxford Innovation Finance
Use of funds
- 01Accelerate go-to-market
- 02Expand into international markets